✨ Financial Statements
HORIZON ENERGY DISTRIBUTION LIMITED – Lines Business
NOTES TO THE FINANCIAL STATEMENTS
| Lines Business 2007 | Lines Business 2006 | |
|---|---|---|
| $000 | $000 |
9 FIXED ASSETS
Fixed Assets comprise:
Land
Cost | 260 | 7 |
Buildings
Cost | 401 | 53 |
Accumulated Depreciation | (25) | (25) |
Net Book Value | 376 | 28 |
Plant and Equipment
Cost | 144 | 110 |
Accumulated Depreciation | (101) | (89) |
Net Book Value | 43 | 21 |
Furniture and Fittings
Cost | 511 | 436 |
Accumulated Depreciation | (231) | (181) |
Net Book Value | 280 | 255 |
Motor Vehicles
Cost | 233 | 161 |
Accumulated Depreciation | (105) | (57) |
Net Book Value | 128 | 104 |
Consumer Billing and Information System Equipment
Cost | 1,537 | 1,436 |
Accumulated Depreciation | (1,264) | (1,189) |
Net Book Value | 273 | 247 |
Office Equipment
Cost | 113 | 107 |
Accumulated Depreciation | (53) | (53) |
Net Book Value | 60 | 54 |
System Fixed Assets - Work in Progress
Cost | - | 162 |
System Fixed Assets
Valuation | 94,061 | 79,603 |
Accumulated Depreciation | - | (5,519) |
Net Book Value | 94,061 | 74,084 |
Totals
Cost or Valuation | 97,260 | 82,075 |
Accumulated Depreciation | (1,780) | (7,113) |
Total Fixed Assets
Net Book Value | 95,481 | 74,962 |
Revaluation of Distribution System Fixed Assets
Distribution System Fixed Assets were revalued on 31 March 2007 by Sinclair Knight Merz (Qualified Consulting Architects, Engineers and Planners) on the basis of depreciated replacement cost in accordance with generally accepted valuation techniques. The Board of Directors do not believe there is any material impairment to the current carrying value of the Distribution System Fixed Assets.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 34
Gazette.govt.nz —
NZ Gazette 2008, No 34
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Financial Statements for Horizon Energy Distribution Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Fixed Assets, Depreciation, Valuation, Horizon Energy Distribution Limited
- Sinclair Knight Merz (Qualified Consulting Architects, Engineers and Planners)
- Board of Directors